Catastrophe Analyst

  • 38332
  • Non-Life - CAT Modeling
  • |
  • Ohio, United States
  • |
  • Oct 8, 2020
Insurance
RESPONSIBILITIES
  • Assist in continued development of Own View of Risk for Weather Related Perils.
  • Develop deep understanding of catastrophe model construction and assumptions, particularly those related to meteorological science.
  • Provide guidance to team, product, underwriting, and pricing on interpretation of catastrophe model results.
  • Provide education to team, product, underwriting, and pricing on meteorological and climatological trends.
  • Support development of accumulation management guidance.
  • Participate in global and regional projects relating to natural catastrophe risks.
  • Collaborate closely with product and assist in developing our flood offerings.
  • Coordinate with local Corporate Underwriting on setting binding restrictions and determining post event loss estimates.
  • Determine impact of sea level rise and storm surge to our portfolio from climate change.
  • Develop better resilience to tropical storms/hurricanes with heavy rainfall.
  • Help create loss prevention ideas.
  • Use catastrophe model to create output for reporting, pricing, predictive analytics, and planning.
  • Adapt global best practices to local level including development of local adjustments to those best practices, especially regarding primary insurance.
  • Develop tools and models where no industry model is available or appropriate.
  • Participate in the development of quarterly exposure data, assist in the quality assurance of all exposure data, and provide guidance on most relevant data required for managing catastrophe business.
  • Perform peer reviews as assigned and maintain documentation of work completed such that another analyst could follow rationale.
  • Assist in analytics supporting annual reinsurance placement.
  • Perform and provide support for annual reporting and filings to State Departments of Insurance and Rating agencies.
  • Support regulatory rate filings and responding to DOI questions regarding model use, assumptions, and adjustments.
  • Develop and implement portfolio optimization tools.
  • Maintain expert knowledge on tools and technologies.
  • Liaise with other departments to ensure timely completion of assignments.
  • Perform exposure assessments on residual markets.
  • Support development of team including cross training and knowledge sharing activities.
  • Continually pursue professional development, including certifications and development of new techniques and skills.
  • Perform other duties as assigned.
QUALIFICATIONS
  • Bachelor’s Degree in Meteorology, Climatology or related field requiring extensive meteorological and climatological coursework, modeling, programming, research and quantitative analysis.
  • 3+ years Insurance Experience.
  • Experience with use and/or construction of CAT models.
  • Experience with simulation tools.
  • Experience in SQL.
  • Excellent communications skills.
  • Highly analytical with advanced problem solving skills.
  • Significant experience in managing complex data sets.
  • Preferred:
  • Master’s Degree.
  • CAT modeler certification.
  • Experience with GIS tools.
  • Experience in SAS.